CO129-246 - Acting Governor Fleming - 1890 [8-9] — Page 730

CO129 Colonial Office Hong Kong Records 理藩院香港檔案 All AI Reviewed

726

depreciation brought about by the very persons who sold them the stock.

Depreciating the value of shares in Public Companies attacks the credit of those Companies and alarms investors, whether on the spot or at a distance, who, seeing their property being daily depreciated, may be influenced to realize precipitately.

Hongkong is not, like London or other great cities, a large or generally wealthy community, and when local capitalists throw their holdings of any one stock on the market it might with difficulty be taken up, but when, in addition, they by means of time bargains offer the same stock two and three times over, it is sufficient to precipitate a panic.

It is not for the purpose of obstructing legitimate enterprise or preventing sales "on time", that the Ordinance is desirable, but it is to prevent those who do so either by wealth, organized sales of what they do not possess, from attacking and victimising those who have only small means, and it is believed such protection will be afforded by inserting the numbers of shares on all time contracts.

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2026-05-26 11:09:30 · NVIDIA / meta/llama-4-maverick-17b-128e-instruct

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726 depreciation brought about by the very persons who sold them the stock. Depreciating the value of shares in Public Companies attacks the credit of those Companies and alarms investors, whether on the spot or at a distance, who, seeing their property being daily depreciated, may be influenced to realize precipitately. Hongkong is not, like London or other great cities, a large or generally wealthy community, and when local capitalists throw their holdings of any one stock on the market it might with difficulty be taken up, but when, in addition, they by means of time bargains offer the same stock two and three times over, it is sufficient to precipitate a panic. It is not for the purpose of obstructing legitimate enterprise or preventing sales "on time", that the Ordinance is desirable, but it is to prevent those who do so either by wealth, organized sales of what they do not possess, from attacking and victimising those who have only small means, and it is believed such protection will be afforded by inserting the numbers of shares on all time contracts. An

Baseline (Original)

726 depreciation brought about by the very persons who sold them the stock. Depreciating the value of shares in Public- Companies attacks the credit of those Companies and alarms investors, whether on the spot or at a distance, who, seeing their property being daily depreciated, may be influenced to realize precipitately - stongshing is not, like London or other great cities, a large or generally wealthy community, and when local capitalists throw their holdings of any one stock on the market it might with difficulty be taken up, but when, in A D in addition, they by meano of time bargains offer the same stock two and three times over, it is sufficient to precipitate a panie. It is not for the purpose of obstructing legitimaté enterprise or preventing sales "on time", that the Ordinance is desirable, but it is to prevent those who do so either by wealth, organized sales of what they do not possess, from attacking and vict victimising those who have only ہیں سائیں small means, and it is believed such protection will be afforded by inserting the numbers of shares contracts. on all time. An

2026-05-26 11:09:30 · Baseline

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726

depreciation brought about by the very persons who

sold them the stock.

Depreciating the

value of shares in Public- Companies attacks the

credit of those Companies

and alarms investors,

whether on the spot or

at a distance, who, seeing their property being daily depreciated, may be influenced to realize precipitately - stongshing is not, like London or other great cities, a large or generally wealthy community, and when local capitalists throw their holdings of any

one stock on the market

it might with difficulty be taken up, but when,

in addition, they by

meano

of time bargains

offer the same stock two

and three times over,

it is sufficient to precipitate

panie.

It is not for the purpose of obstructing legitimaté

enterprise or

preventing

sales "on time", that the

Ordinance is desirable,

but it is to prevent those who do so either by wealth,

organized sales of what they do not possess, from attacking

and vict

victimising

those who have only

ہیں سائیں

small means,

and it is

believed such protection

will be afforded by

inserting the numbers

of shares

contracts.

on all time.

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